Amazon pledged $690,000 last week to support victims of the Australian wildfires that have devastated the continent.
However, Amazon is drawing backlash for the size of the donation, which pales in comparison to the company’s $936 billion market cap.
Amazon CEO Jeff Bezos makes more than $690,000 in five minutes.
Critics ripped Amazon for pledging smaller donations than Facebook, Kylie Jenner, and Metallica, among others.
One woman said she raised nearly twice what Amazon pledged by selling nude photos online.
Visit Business Insider’s homepage for more stories.
In a heartfelt Instagram post last week, Amazon CEO Jeff Bezos announced that the company will donate $690,000 to the Australian wildfire recovery effort. That’s roughly how much money he makes in five minutes.
Australia’s wildfires have devastated the country since they began in late July, killing at least 28 people and burning more than 2,000 homes. In a blog post, Amazon said it will channel the money to relief agencies geared towards helping victims and restoring wildlife.
The internet was quick to criticize the size of Amazon’s donation, noting that it represented just a tiny fraction of Amazon’s $936 billion market cap. By contrast, Facebook said it will donate $1.25 …read more
Source:: Businessinsider – Tech